Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

BTDStocks.com Wednesday, July 22, 2010 End-Of-Day Update

|Includes: AA, SPDR Dow Jones Industrial Average ETF (DIA), QQQ, SPY, TRV, VZ
CURRENT COMMENTARY

The S&P 500 and Nasdaq Composite tested our lowered resistance levels of 1,143 and 2,356, respectively but closed far off of them.  We are lowering the resistance level on the DJIA to 10,761.  We have now lowered the resistance levels for all three major indexes since yesterday.  The performance of the SOX what we believe is a leading indicator trailed the overall stock market direction once again and finished down 1.4% more than twice the Nasdaq.  We officially closed Alcoa (symbol: AA) today as a undervalued stock profile.  We began profiling Alcoa at the market open price of $10.79 on September 7th.  Removed half the profile at the market open price of $11.46 on September 14th with the remaining removed at today's market open price of $11.16.  Overall the Alcoa profile returned 4.8% in less than a month.  At tomorrow's market open price we are going to close the undervalued profile in Travelers (symbol: TRV).

SUMMARY

DJIA: Down 0.2% to 10,739

S&P 500: Down 0.5% to 1,134

Nasdaq Composite: Down 0.6% to 2,335

BREADTH FOR NYSE

Advancing Issues: 1,141

Declining Issues: 1,911 

Advance/Decline Ratio: .6 to 1

New Highs: 94

New Lows: 13

High/Low Ratio: 7 to 1

SUPPORT/RESISTANCE LEVELS

DJIA: 10,461/10,761

S&P 500: 1,117/1,143

Nasdaq Composite: 2,279/2,356

NOTABLE ACTIVITY IN DOW 30 STOCKS

Alcoa (symbol: AA) up 4.7% on heavier volume

Microsoft (symbol: MSFT) down 2.2% on heavier volume

ACTIVE STOCK PROFILES

The Travelers Companies, Inc. (symbol: TRV) profiled since $50.36 (undervalued)

Verizon Communications Inc. (symbol: VZ) profiled since $31.84 (overvalued)

www.btdstocks.com



Disclosure: No positions